Handing down family business is a dream of many owners who want to see their companies thrive in the hands of succeeding generations. However, when you see stories about family firms in the financial press about succession planning, they almost always refer to Ownership Succession. Sadly, far less attention is paid to an extremely important component of succession planning – Management Succession.
Listen to Wayne in our blog this week as he talks about the importance of management succession planning for long term success of your family businesses.
We look forward to your thoughts and comments.